Atlas Copco has agreed to amass the German industrial pump manufacturer Pumpenfabrik Wangen GmbH from personal equity firm Silverfleet Capital.
Image © wladimir1804 – stock.adobe.com.
Headquartered in Wangen within the Allgäu region of Germany, Pumpenfabrik Wangen specialises in progressive cavity pumps used mainly in the biogas and wastewater sectors, and twin-screw pumps for food and beverage and cosmetics purposes.
Pumpenfabrik Wangen has manufacturing amenities in Germany, a US subsidiary and a worldwide gross sales and service footprint. The company employs 265 folks and had 2020 revenues of roughly €46.four million.
“Industrial pumps is a phase that we’ve identified as a strategic fit for Atlas Copco and Wangen Pumpen has leading differentiated know-how with a powerful aftermarket business,” said Andrew Walker, president of Atlas Copco’s Power Technique business area. “Wangen Pumpen is a strong brand and is known for quality in demanding industrial purposes. This acquisition will create a solid basis for further growth in new industrial pump segments.”
The acquired enterprise will turn into a half of the Power and Flow division within Atlas Copco’s Power Technique Business Area.
ที่วัดแรงดันน้ำ is expected to be accomplished in the course of the second quarter of 2022 and is subject to regulatory approvals.
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